Transcript
What are the current developments in the German restructuring
market?
The current market has been very quiet for the past couple of
years, which is mainly due to the large supply of liquidity by the
European Central Bank's corporate sector purchase program. This
has been dried out now, and we expect to see an uptick in
restructuring activity, in particular in leveraged buyout
financings, high yield issuances and also in the Schuldschein
market for non-investment grade issuers where there have been
exaggerations.
Kirkland has ample experience in advising sponsors, issuers and
borrowers in these type of financings, and we therefore believe we
are also uniquely positioned to advise stakeholders in the
restructuring of this type of financing.
